Universal mCloud Deploys AssetCare™ in Six-Year Agreement to Improve Energy Efficiency of TELUS Office Tower

2019-04-10T15:53:52+00:00April 11th, 2019|Press Release|

Image: “Consilium Place” by SimonP is licensed under CC BY-SA 3.0

  • mCloud announces a six-year deal with TELUS Corporate Real Estate to upgrade HVAC controls with AssetCare connectivity at signature office tower in Ontario, Canada
  • With support from strategic partner Cypress Envirosystems, mCloud will upgrade and connect 450 thermostats across 14 floors of the building
  • AssetCare solution will use AI and analytics to achieve 25% gains in energy efficiency

VANCOUVER, April 11, 2019 – Universal mCloud Corp.(TSX-V: MCLD) (OTCQB: MCLDF) (“mCloud” or the “Company”), a leading provider of asset management solutions combining IoT, cloud computing, artificial intelligence (“AI”), and analytics, today announced the start of a six-year agreement with TELUS Corporate Real Estate (“TELUS”) to upgrade HVAC controls and deploy AssetCare at one of their premier office towers, 200 Consilium Place, in Scarborough, Ontario, Canada.

Supported by strategic partner Cypress Envirosystems Inc. (“Cypress”), mCloud will upgrade and replace 450 legacy thermostats with Cypress Wireless Pneumatic Thermostats (WPT) and Green Box Controllers connected via mesh network to the building’s main control system. This configuration enables building engineers to have complete, real-time visibility into temperature and schedule settings, managing comfort across 14 TELUS office and call centre floors.

The upgrade is expected to reduce energy costs related to heating and cooling by 25%, along with substantial reductions in facility maintenance costs. AssetCare will provide fault detection and diagnostics on zone-level dampers and actuators – building systems that are crucial to occupant comfort and help building engineers get ahead of potential heating or cooling issues.

“We’re thrilled to put our partnership with TELUS into action by upgrading one of their signature office towers,” said Dave Weinerth, mCloud President, Smart Buildings. “The intelligence we are adding to this office tower through AssetCare’s AI and analytics will yield tangible cost savings and will serve as a great example for thousands of similar legacy buildings across North America.”

About Universal mCloud Corp.

Universal mCloud is creating a more efficient future with the use of AI and analytics, curbing energy waste, maximizing energy production, and getting the most out of critical energy infrastructure. Headquartered in Vancouver, Canada, with technology and operations centers in San Francisco, CA and Bristol, PA, mCloud takes advantage of IoT sensors to bring data from connected assets into the cloud, applying AI and analytics to maximize their health and performance. Today, mCloud offers complete asset management solutions to four distinct segments: smart buildings, wind energy, utilities, and oil and gas. With over 100 blue chip customers and more than 28,000 assets connected in thousands of locations worldwide, mCloud is changing the way energy assets are managed. For more information, visit www.mcloudcorp.com.

SOURCE Universal mCloud Corp.

For further information:

Craig MacPhail, NATIONAL Capital Markets, T: 416-586-1938, cmacphail@national.ca; Russ McMeekin, Chief Executive Officer, Universal mCloud Corp., T: 415-635-3500

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